Flag BUT...EMA's are down
Also, stock is extended on the day. More of a scenario of some profit taking
Was thinking 11:15/2:10 resistance (top of flag) may turn into support - nope.
Entry bar made a higher high than the prior bar, but so did that prior bar
End of day fast approaching
Add it all up = sketchy premise for entering
ALSO - screwed up orders both on entry (wrong amount entered - luckily filled for only part) and EXIT (didn't have stop in place @ 146.59)
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-01-20 15:44:04 | UTHR | buy | $146.820 | long |
2015-01-20 15:51:47 | UTHR | sell | $146.360 | 0 |
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Tom -- the shares were trading under the ma's which is closer to a bear flag vs. a bull flag.